Fundamental, Research

Johnson & Johnson Q1 Earnings Review and Insights on Key Issues

Sel Hardy, Senior Vice President, Equity Research
16 May 2024

Summary

Johnson & Johnson announced Q1 2024 earnings on April 16, 2024, broadly aligning with expectations. In this video, CFRA Senior Vice President of Equity Research Sel Hardy highlights how the MedTech segment is projected to grow faster than Innovative Medicine and the positive growth for JNJ in the M&A of Shockwave Medical (mid-2024) and Ambryx acquisition (closed in March. She also discusses the negative effects of JNJ pushing stock prices up in the short term and the impact of the Inflation Reduction Act drug pricing negotiation process and talc lawsuits on valuations.


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